North America Sports Medicines And Therapies Market At CAGR Of 10.4% During Forecast Period 2030

Pune, India, June 2023 /MRFR Press Release/- Market Research Future published a half-cooked research report on North America sports medicines and therapies market. 

Sports Medicine & Therapies Market Report Highlights

Sports are now a days considered as a mean to maintain the health. Sports medicines are used for the treatment of different sports injuries. North America sports medicines and therapies market is driven by increasing prevalence of sports injures, introduction of sports education in schools, adoption of sports by elderly people and increasing governmental support for research and development of the sports medicines. Increasing health care expenditure per person is also contributed for the growth of market. On other had lack of skilled professionals handling pediatrics sports injuries and high cost of treatment may hinder the growth of the market. North America sports medicine & therapies market is expected to grow at a CAGR of 10.4% and to reach USD 6,837.5 Million during forecasted period.

Geographically, North America sports medicine & therapies market is dominated by US. US share 65% of the total North America sports medicines and therapies market. Increasing pediatrics sports injuries in US is the major reason for the development of the market. According to the research one in every four school injuries are serious includes dislocation, fracture and brain damage. 62 % of sports related injuries occur during practices due to lack of safety measures.

Segmentation:North America sports medicine & therapies market is segmented on the basis of product into helping fractures heal, surgical devices, arthroscopy devices, orthopaedic braces. Helping fractures heal are further sub segmented into bone graft substitutes, bone morphogenetics proteins, viscosupplementation, PRP, bone marrow concentrate and other. Surgical devices are sub segmented into plates, screws and other. Orthopaedic braces are sub segmented into knee braces, foot braces and supports and other.

On the basis of area of application the market is segmented into spine, foot and knee, hip, shoulder and elbow and other. On the basis of procedures the market is segmented into tendinosis, tendon to bone and cartilage repair. And on the basis of end user they are segmented into hospitals & emergency care, trauma centers, ambulatory care and other. 

Figure 1- North America sports medicine & therapies market, by area of application

The major key player for the North America sports medicines and therapies market are Smith & Nephew plc (UK), DePuy Synthes (US), Medtronics (UK), Zimmer (US), Arthrex, Inc. (US), Stryker Corporation (US), Breg, Inc. (US), CONMED Corporation (US), Tornier N.V. (US), DonJoy, Inc. (US), Mueller Sports, Inc.(US), Ottobock Healthcare GmbH (Germany), DJO Global (US), Cramer, Inc.(US).Some of the key strategies adopted by these players are agreements and collaborations, mergers and acquisitions, and new product launches. Many companies are trying to launch new product to increase their market.Smith & Nephew one of the global leaders in manufacturing healthcare products that help medical professional to provide quality and efficient healthcare headquartered in UK. This company share a major part of North America sports medicine and therapies market. In 2017, Smith & Nephew plc signed a distribution agreement and strategic investment with Leaf Healthcare, Inc. and in 2016 company has acquired BST-CarGel, a first-line cartilage repair product from Piramal Healthcare (Canada) Limited.Medtronic is a global healthcare solutions company committed to improving the lives of people headquartered in UK. Stratis, TriTis and ArthroPort Cannula System are some of the major products of the company.Stryker Corporation is a US headquartered medical device company. Company is involved in manifracturing of different medical devices which are used in the treatment of different injuries. Pivot cinchlock, Iconix and Biosteon are some of the major products of the company. In 2016, company has launched BIO Delivery System and in 2017 they has announced their collaboration with AlloSource for the distribution of medication use in treatment of sport injuries.

Arthrex, Inc a leading sports medicine and medical device company headquartered in US. Arthroscopic Knotless TFCC Repair, Elbow Arthroscopy Set Suture, FiberStick and ACL Preservation are the major products of the company. This company share approximately 25% of total market share.

Explore In-depth Details: North America Sports Medicines And Therapies Market Research Report

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